Bilbao’s economy Sample Clauses

Bilbao’s economy. Bilbao is the capital of the Basque region, with a traditionally strong economic base. The city covers an area of 41.6km2 (Bilbao Turismo, 2013). In 2011, the population in the city of Bilbao was calculated at 350,558 inhabitants (EUSTAT, 2014), while the greater Bilbao area has more than a million inhabitants (Akademy, 2013). The population density of the city of Bilbao is 8,486 inhabitants/km2 (Xxxxxxxx and Pasual, 2013). Bilbao’s population has declined by 2.28%since 2011 (Udalmap, 2014). In 2012, the registered unemployment rate for the population aged 16-64 was 13.6% (Udalmap, 2014). Bilbao is a city of high wealth levels relative to the rest of Europe. In 2012, Bilbao’s metropolitan GDP was EUR 30.82bn, representing 2.95% of Spain’s GDP (Brookings Institution and JPMorgan Chase, 2014a). In 2012, Bilbao’s GDP per capita was EUR 31,753 (Brookings Institution and JPMorgan Chase, 2014a). As Figure 8.2 shows, the largest sectors of employment in Bilbao in 2012 were the business and financial sector (21 %), the trade and tourism sector (18%) and the manufacturing and local/non-market sector (both 17%) (Brookings Institution, 2012b) (see Figure 8.2).
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